Nuance Communications, Inc. (NUAN) Set to Announce Earnings on Tuesday

Nuance Communications, Inc. (NASDAQ:NUAN) will post its quarterly earnings results after the market closes on Tuesday, November 28th. Analysts expect Nuance Communications to post earnings of $0.15 per share for the quarter.

Shares of Nuance Communications, Inc. (NASDAQ:NUAN) opened at $14.74 on Monday. The stock has a market cap of $4,253.95, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.72 and a beta of 0.58. Nuance Communications, Inc. has a 52 week low of $14.02 and a 52 week high of $19.93. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.20 and a current ratio of 1.20.

NUAN has been the topic of a number of recent research reports. Morgan Stanley restated a “buy” rating and set a $18.00 price target on shares of Nuance Communications in a report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $23.00 price target (down previously from $26.00) on shares of Nuance Communications in a report on Thursday, August 10th. Barclays PLC cut their price target on shares of Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, August 9th. Finally, Raymond James Financial, Inc. cut their price target on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $21.00.

In other news, EVP Kenneth M. Siegel sold 4,682 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $14.40, for a total transaction of $67,420.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel David Tempesta sold 6,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $15.58, for a total transaction of $101,270.00. Following the transaction, the insider now owns 258,188 shares in the company, valued at approximately $4,022,569.04. The disclosure for this sale can be found here. Insiders have sold a total of 22,364 shares of company stock worth $347,538 in the last 90 days. 1.67% of the stock is owned by insiders.

An institutional investor recently raised its position in Nuance Communications stock. The Manufacturers Life Insurance Company increased its position in Nuance Communications, Inc. (NASDAQ:NUAN) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,234 shares of the software maker’s stock after acquiring an additional 809 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Nuance Communications were worth $178,000 at the end of the most recent quarter. 86.41% of the stock is currently owned by institutional investors.

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Nuance Communications Company Profile

Nuance Communications, Inc is a provider of voice recognition and natural language understanding solutions. The Company’s segments include Healthcare, Mobile, Enterprise and Imaging. The Healthcare segment provides clinical speech and clinical language understanding solutions. The solutions for the Healthcare segment include transcription solutions, Dragon Medical, and clinical document improvement (CDI) and coding solutions.

Earnings History for Nuance Communications (NASDAQ:NUAN)

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